Eagle Bancorp Montana (NASDAQ:EBMT) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a buy rating to a hold rating in a research report report published on Saturday morning.

Eagle Bancorp Montana Stock Performance

Shares of Eagle Bancorp Montana stock opened at $17.65 on Friday. The stock’s fifty day moving average is $16.93 and its two-hundred day moving average is $16.44. The company has a market capitalization of $140.79 million, a PE ratio of 12.52 and a beta of 0.35. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.04. Eagle Bancorp Montana has a 52 week low of $12.61 and a 52 week high of $18.49.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08. The company had revenue of $20.90 million for the quarter, compared to the consensus estimate of $16.69 million. Eagle Bancorp Montana had a return on equity of 6.35% and a net margin of 9.03%. As a group, analysts expect that Eagle Bancorp Montana will post 1.61 earnings per share for the current year.

Eagle Bancorp Montana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, May 16th. Eagle Bancorp Montana’s dividend payout ratio is 40.43%.

Insider Buying and Selling at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $17.75, for a total value of $177,500.00. Following the completion of the sale, the director directly owned 116,033 shares in the company, valued at approximately $2,059,585.75. This represents a 7.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Eagle Bancorp Montana

Hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of Eagle Bancorp Montana in the 4th quarter worth $270,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Eagle Bancorp Montana in the 4th quarter worth $308,000. Brandes Investment Partners LP lifted its holdings in shares of Eagle Bancorp Montana by 9.9% in the 4th quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank’s stock worth $3,378,000 after buying an additional 19,907 shares during the period. Jane Street Group LLC purchased a new stake in shares of Eagle Bancorp Montana in the 4th quarter worth $188,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Eagle Bancorp Montana in the 4th quarter worth $196,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.